
Cheap Homes for Rent in Downtown Neighborhood of Colorado Springs, CO from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Colorado Springs.


931 N Wahsatch Ave

537 E Platte Ave

205 Cheyenne Ave

917 E Platte Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

903 Boggs Pl

903 Boggs Pl

27 W St Elmo Ave

430 W Pikes Peak Ave

324 E Bijou St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1523 S Fountain St

417 E Kiowa St

219 N Institute St

708 E Rio Grande St

321 E Dale St
Colorado Springs's Best Affordable Neighborhoods
Learn about Colorado Springs and the best places to live with original content written by our Local Expert Darla Ferrara

312 1/2 W Dale St
Downtown, Colorado Springs, CO Local Guide

How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $1,609 | $892 | $4,000 |
| Downtown 3 Bedroom Homes for Rent | $2,449 | $1,313 | $5,500 |
| Downtown 4 Bedroom Homes for Rent | $2,292 | $1,970 | $2,700 |
| Downtown 5 Bedroom Homes for Rent | $3,400 | $3,300 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Colorado Springs, CO.
Explore Colorado Springs
Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Colorado Springs, CO is a 2 Beds unit found at Sienna Place priced from $749. Shooks Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sienna Place | 2X1 | 2BR,1BA | $749 |
| Shooks Run | 1x1 40% | 1BR,1BA | $768 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $850 |
| Cascade Park | Studio | Studio,1BA | $875 |
Best Value Apartments for Rent in Downtown, CO
As of January 09, 2026 the best value apartment in the Downtown area is the $1.64 price per square foot 2 Bed Model at Gabion Apartments in the in the Downtown neighborhood starting from $1,895. The second greatest value Downtown apartment is the 2 Beds, 1 Baths Model at Rosewood Apartments starting at $849 with a $0.94 price per square foot in the Memorial Park neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gabion Apartments | 2 Bed | 2BR,2BA | $1.64 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Kalo Ivywild | KaloDuo-Premium | 2BR,1BA | $1.45 |
| Sienna Place | 3X1 | 3BR,1BA | $1.55 |
| 804 E Kiowa St, Unit 804 E. Kiowa #4 | 804 E Kiowa St | 2BR,1BA | $1.38 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $1.40 |
| The Village at Homewood Point | 2x1 40% | 2BR,1BA | $1.23 |
| Shooks Run | 1x1 40% | 1BR,1BA | $1.08 |
| Homewood Point | 1BR/1.0BA | 1BR,1BA | $1.30 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 241 Apartments for Rent in Downtown, CO with pricing that ranges from $699 to $4,452. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $600 to $5,500.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $600 to $5,500 with an average monthly rent of $1,972.
How much are larger Three and Four Bedroom Rentals in Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,095 to $4,452, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,313 to $5,500. Four Bedroom Single-Family rentals are also available starting from $1,970 and Four Bedroom Apartments start at $1,895.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO
Written by: Darla Ferrara
Just the name Colorado Springs makes me think of home. I’m Darla, your ApartmentHomeLiving.com Local Expert for Colorado Springs, CO.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.